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Jul 29, 2011
07/11
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40% of the cuts are completely counterfeit. 1 trillion of harry reid's cuts come from drawing down in afghanistan and in iraq. and while were all like to end these conflicts as soon as we possibly can, and with success, harry reid's saving assuming the cost of the war our endeavor. woman already start to draw down in both of these regions. it's almost like saying that we will save trillions of dollars by promising not to invade canada. it's never going to happen. i can't support any plan that begins with the assumption that we have to raise the debt limit and yet doesn't offer a fundamental restructuring of government spending habits. i won't do it. and while i embrace the principles of cut, cap and balance, the bill simply did not go far enough to fundamentally restructure the way that this city stands the american people's money. and it allowed for an increase in the debt limit, something i simply won't do. i also believe that we must repeal and defund obamnicare as part of any solution to our current debt crisis. by? because obamacare is the largest spending and entitlement program ever passed
40% of the cuts are completely counterfeit. 1 trillion of harry reid's cuts come from drawing down in afghanistan and in iraq. and while were all like to end these conflicts as soon as we possibly can, and with success, harry reid's saving assuming the cost of the war our endeavor. woman already start to draw down in both of these regions. it's almost like saying that we will save trillions of dollars by promising not to invade canada. it's never going to happen. i can't support any plan that...
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114
Jul 26, 2011
07/11
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it includes savings from winding down the wars in iraq and afghanistan. these are real savings that cbo scores at about $1 trillion. we know that some republicans will quibble over these savings but they have no leg to stand on. but wars are the second biggest policy driver of our deficits after the bush tax cut for the conduct and the worst ads to our debt, to is undeniable that winding down the war's delivers savings. the administration tells us with the wind down, they can't prosecute -- they can count on billions of dollars over the next decade the cbo count $1.67 trillion. we know the republicans agree theythis mstath because included the same settings in the ryan budget that passed the house. they never criticized that accounting and it is hard to see how they could do so now. lastly, senator reid's proposal allows for a joint committee that has the potential to achieve deeper savings down the road. all in all, this is an offer that republicans cannot refuse. all of the cuts in center repots proposal have been supported at one point or another by re
it includes savings from winding down the wars in iraq and afghanistan. these are real savings that cbo scores at about $1 trillion. we know that some republicans will quibble over these savings but they have no leg to stand on. but wars are the second biggest policy driver of our deficits after the bush tax cut for the conduct and the worst ads to our debt, to is undeniable that winding down the war's delivers savings. the administration tells us with the wind down, they can't prosecute --...
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Jul 25, 2011
07/11
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not know exactly what is going to do, but is expected he is going to count winding down the war in afghanistan as a substantial part of the savings. that could be worth about $1 trillion over 10 years. meanwhile, john boehner is working on his own deficit- reduction debt limit increase plan. he would take -- that plan would be affected in two stages. the first would be $900 trillion or so deficit reduction package, spending cuts, paired with roughly equal amount in debt limit increase. then he would empower a special committee to find an additional $1.60 trillion to authorize or trigger another increase in the debt ceiling. the problem with this proposal, however, it would require raising the debt ceiling by the requisite $2.40 trillion amount into the stages. that is something the president and democratic leaders after yesterday's said is a nonstarter. they say it would create too much uncertainty for the marketplace and the economy if this process had to be replaced at the beginning of next year or summer of next year. >> the house republicans made their own at last it with a cap and balance
not know exactly what is going to do, but is expected he is going to count winding down the war in afghanistan as a substantial part of the savings. that could be worth about $1 trillion over 10 years. meanwhile, john boehner is working on his own deficit- reduction debt limit increase plan. he would take -- that plan would be affected in two stages. the first would be $900 trillion or so deficit reduction package, spending cuts, paired with roughly equal amount in debt limit increase. then he...
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Jul 26, 2011
07/11
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part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of thelan that we've been operating on for a long time. $150 billion for the w is not baseline expenditure of the united states. it was never projected to continue at that level, so hopefully we could bring it below $50 billion. maybe we went get to $50 billion. i don't know. but what is the reasonable estimate? i think the house republicans and the president said it would drop to $50 billion, and that would be the baseline out there for the rest of the time. that's $1 trillion. that's $1 trillion. so you take $1 trillion out of the $2.7 trillion, you're down to $1.7 trlion. and another thing that's scored in tt, since that $1 trillion in war costs is scored the wa
part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of thelan that we've been operating on for a long time. $150 billion...
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Jul 19, 2011
07/11
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we are borrowing $10 billion a month for afghanistan. and yet we're saying we're going to balance the budget by going after poor people, senior citizens, by going after pell grants. people talk about jobs. you have to invest to create jobs. you cut these programs and it is hard to be competitive in these economies. when you cut money for education and transportation infrastructure, it becomes more difficult to become competitive. we need to be smart about this. this approach of exempting corporate welfare, to me, is egregious. let me finally say this, and that is, i will end as i began here, i thought we would be coming back talking about how we're getting closer. and this bill, the best i can -- i hope this is just bad political theater -- but this bill is a sharp right turn. it moves us further away from where i thought we were getting . i hope it does not delay our ability to come to some sort of an agreement between the congressional leadership and the white house. i hope this is not something that further fuels this notion that some
we are borrowing $10 billion a month for afghanistan. and yet we're saying we're going to balance the budget by going after poor people, senior citizens, by going after pell grants. people talk about jobs. you have to invest to create jobs. you cut these programs and it is hard to be competitive in these economies. when you cut money for education and transportation infrastructure, it becomes more difficult to become competitive. we need to be smart about this. this approach of exempting...
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Jul 20, 2011
07/11
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. -- in iraq and afghanistan. host: why did they see this as an area that need to be filled? guest: the problem has been wrapped up in the general difficulties. it turns out a lot of homes have gone into -- a lot of people have gone into default of mortgages. some companies are better than others at collecting monthly payments and keeping track of paperwork. the ones have proved not to be so good at it have caught service members in the riptide. we have not gotten your payment, we over charge them. foreclosure. that sort of thing going on. this has been a politically embarrassing process of writing wrongs done against members of the military in active duty. host: gym as white as a deployed serviceman and against paying his mortgage -- jim asked why a deployed servicemen against paying his mortgage? guest: he is not exempt against paying his mortgage. is exempt against being foreclosed on. as it has been explained to me, a service member might be in the field for a week or two and have virtually no contact with the
. -- in iraq and afghanistan. host: why did they see this as an area that need to be filled? guest: the problem has been wrapped up in the general difficulties. it turns out a lot of homes have gone into -- a lot of people have gone into default of mortgages. some companies are better than others at collecting monthly payments and keeping track of paperwork. the ones have proved not to be so good at it have caught service members in the riptide. we have not gotten your payment, we over charge...
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Jul 29, 2011
07/11
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right now we borrow $10 billion every month for military operations in afghanistan alone to prop up a corrupt and incoetent karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was about jobs. we haven't talked about jobs at all since the new republican majority became -- came to power. that means investing in things like education and inastructure and green technology and medical research. that's the kind of economic future the american people deserve. the boehner default plan would take us exactly in the wrong direction and urge my colleagues on both sides of the aisle to reject it. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from california has 5 1/2 minutes remaining. the gentleman is recogn
right now we borrow $10 billion every month for military operations in afghanistan alone to prop up a corrupt and incoetent karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was...
109
109
Jul 28, 2011
07/11
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everybody knows that we are winding down the war in afghanistan and iraq. so, here we are six days away, six days waerbgs and we -- six days away, and we still have members of congress saying we have to pass a balanced budget amendment to the constitution. we have members on the other side who are saying that we have to raise taxes. we have a president of the united states who so far has refused to come forward with a detailed plan of his own. that's called leading from behind. it's time, it's time we listened to the markets. it's time we listened to our constituents. but most of all, it's time we listened to the american people and sit down and seriously negotiate something before we face a situation where we are depriving the american people of the fundamental right of having a government that doesn't deprive them the essential services, goods and entitlements which they have earned.objectio. cork coirkd objection. mr. corker: madam president, i'm here today with a sense of optimism. i know that all of us are very concerned about what's happening in our c
everybody knows that we are winding down the war in afghanistan and iraq. so, here we are six days away, six days waerbgs and we -- six days away, and we still have members of congress saying we have to pass a balanced budget amendment to the constitution. we have members on the other side who are saying that we have to raise taxes. we have a president of the united states who so far has refused to come forward with a detailed plan of his own. that's called leading from behind. it's time, it's...